- China, Pakistan, and Bangladesh have launched a trilateral partnership to expand the China-Pakistan Economic Corridor (CPEC) and adopt de-dollarization strategies.
- Bangladesh has agreed to join the Belt & Road Initiative (BRI), enhancing economic and trade ties in South Asia.
- The new strategy reduces reliance on the U.S. dollar by creating alternative financial systems and trade mechanisms.
- Officials from all three countries pledged to cooperate in sectors including industry, trade, water resources, climate change, and education.
- Experts say this partnership could reshape development patterns in South Asia and promote broader regional cooperation.
China, Pakistan, and Bangladesh have agreed to increase cooperation through the China-Pakistan Economic Corridor (CPEC), with an emphasis on reducing dependence on the U.S. dollar. This agreement was reached during the countries’ first trilateral summit held in Kunming, China, in July 2025. The cooperation forms part of the larger Belt and Road Initiative (BRI).
Bangladesh accepted a joint offer from China and Pakistan to become part of CPEC and BRI, marking a new phase of regional economic collaboration. According to officials, this expansion introduces new financial systems and encourages trade that does not rely primarily on the U.S. dollar.
During the summit, Vice Foreign Minister Sun Weidong represented China, Bangladesh was represented by Acting Foreign Secretary Ruhul Alam Siddique, and Pakistan’s Additional Secretary Imran Ahmed Siddiqui attended. They agreed to promote cooperation with principles of “good-neighborliness, equality and mutual trust, openness and inclusiveness, common development, and win-win cooperation.”
Prof. Cheng Xizhong, Senior Research Fellow at the Charhar Institute, stated the partnership’s importance lies in its scope for geopolitics, economics, security, and global development. “The strategic significance of the China-Pakistan-Bangladesh relationship is reflected in multiple dimensions such as geopolitics, economic cooperation, security and stability and global governance. Its core value lies in reshaping the development pattern of South Asia and even the global South through regional cooperation.”
The trilateral agreement covers cooperation in industries such as trade, industry, maritime activities, water resources, agriculture, climate change, healthcare, education, youth, culture, and think tanks. The new approach builds alternative trade and financial systems, moving away from Western-dominated financial structures.
Officials stated that CPEC could be further expanded to include other regional countries in the future. According to Prof. Cheng, the creation of industrial parks and logistics networks in this economic corridor will help connect resources, manufacturing, and markets, possibly extending into a multi-nation system that supports regional growth.
For more details, see the China-Pakistan-Bangladesh alliance announcement and the main CPEC information page.
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